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. >> host: what do we do to create the sort of environment now that we can both compromise? is it just something that happens when a nation is created and when a nation is continued? >> guest: i think there have been a lot of times in our history. i think that the constitution is a very good -- i call that in the book the engine of compromise. it propels us toward compromise and one of the ways it does it is by making it really easy to shut the whole thing down. it takes very little to bring government to writing hault. you know a couple of people in congress can do it in the president can do it in a few people on supreme court can do it. it's much easier to keep things from happening than then to make things happen. what drives compromise is the need to do something, they need to move forward. and i think that we are always going to have a lot of political theater and i love it. i am an english major with a background in theater, so i love the theatrical element of our politics. i think it's fascinating. i think it's dramatic and it's tragic. it's a wonderful bit of literat
. >> host: what do we do to create the sort of environment now that we can both compromise? is it just something that happens when a nation is created and when a nation is continued? >> guest: i think there have been a lot of times in our history. i think that the constitution is a very good -- i call that in the book the engine of compromise. it propels us toward compromise and one of the ways it does it is by making it really easy to shut the whole thing down. it takes very little...
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financial crisis environment the government multiplier is very large and so that works in both directions stimulus you know to the multiplier there but we've seen and this is what we're seeing in europe right now is that the downside is that when you cut government spending it has a huge multiplier effect and you know austerity gets you into deep recessions and that's what's happening all throughout their periphery right now well in europe where you also have different situations in each of these different countries that kind of have unique situations but i do but you know ireland and spain are probably the closest to the united states in that regard and i think it's the who released the paper that says that in a financial crisis the economic multiplier of government spending is higher than it would be otherwise and as you know the i.m.f. is always right historically has always been right on the mark i do want to ask though about the fed minutes that came out because there were a few fed officials a few afghans the voting members that asset buying will be warranted only until the end of t
financial crisis environment the government multiplier is very large and so that works in both directions stimulus you know to the multiplier there but we've seen and this is what we're seeing in europe right now is that the downside is that when you cut government spending it has a huge multiplier effect and you know austerity gets you into deep recessions and that's what's happening all throughout their periphery right now well in europe where you also have different situations in each of...
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the regulatory environment with respect to where he's concerned and i think that he's going to be more of a union person with high regulatory. viewpoints and it's not exactly a time you know considering how rocky that. the financial as industry is right now to be having those types of ins uncertainties is this a nomination of kind of the obama administration thinks the financial crisis is done well. you know i mean there's been a lot of very interesting decisions that the obama administration has made some i agree with and some i don't i think this is very mixed signals i'm a bit disappointed in the rush to nominate nominate him but you know i don't know all the details all i can say is i don't believe it's good for the equity markets and for the small and medium sized business world to perform where we needed to perform to get this kind of going in the right direction to increase g.d.p. growth to increase the belief in the american currency again and so we see you know we shall see and then finally we have just about a minute left but i have to ask you this obviously i'm timothy geith
the regulatory environment with respect to where he's concerned and i think that he's going to be more of a union person with high regulatory. viewpoints and it's not exactly a time you know considering how rocky that. the financial as industry is right now to be having those types of ins uncertainties is this a nomination of kind of the obama administration thinks the financial crisis is done well. you know i mean there's been a lot of very interesting decisions that the obama administration...
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new paradigm in terms of the economic environment you have when you have syrup and you have. you change the nature of risk and people take risk without expecting to compensation and that means you have rampant risk that has happened in the u.k. a lot of the regulatory blow ups have emanated right from the financial center and u.k. and the reason is in my opinion ramp it up now that you have almost no return on your financial assets you have no significant decrease in risk and you have a system that is eventually going to blow up so you've got some terminology here you've got some imbedded non-performing assets you talked about zarf of course zero interest rate policy you talked about quantitative easing which is the central bank buying back its own debt all of this leads to. one piers to be a bond bubble bond bubble that seems to be are all this is headed you know you talk about a student loan double of roughly a trillion dollars but here in the u.k. this guilt bond bubble is going to completely overwhelm this economy wants to tops i mean what is what your thoughts are. well
new paradigm in terms of the economic environment you have when you have syrup and you have. you change the nature of risk and people take risk without expecting to compensation and that means you have rampant risk that has happened in the u.k. a lot of the regulatory blow ups have emanated right from the financial center and u.k. and the reason is in my opinion ramp it up now that you have almost no return on your financial assets you have no significant decrease in risk and you have a system...
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Jan 15, 2013
01/13
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the second is that the german economy remained competitive last year despite a weaker environment, and that has given exports a boost. >> exports are the backbone of the german economy. they continued to grow last year, albeit at a slower rate. companies are proceeding with caution. they are cutting investment amid uncertainty about what the new year will hold, especially for the eurozone. in 2011, the german economy grew by 3%. that figure dropped to 0.7% last year. the economy even contracted in the final quarter. the government is poised to cut its own forecast for 2013 to just 0.5%. that is unlikely to have an immediate impact on the jobs market. the unemployment rate is expected to see just a small rise this year. >> for, let's cross over to a frankfurt -- to frankfurt. not necessarily the greatest news for those without a job, but there was good news for the german tax man. >> absolutely. the government has been able to reach its budget plans earlier than expected. the new debt load has been lower than expected, and this has been very good news, although the government also lower
the second is that the german economy remained competitive last year despite a weaker environment, and that has given exports a boost. >> exports are the backbone of the german economy. they continued to grow last year, albeit at a slower rate. companies are proceeding with caution. they are cutting investment amid uncertainty about what the new year will hold, especially for the eurozone. in 2011, the german economy grew by 3%. that figure dropped to 0.7% last year. the economy even...
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i think that that is another si that we are in a new media environment. it's not just that one person can go out and found something with a camera. a hundred people have done that, you can go and find those things and put them together. this is actually what happened. all these disparate pieces. johnthank goodness since we are all journalists. thank god we have bauxite years. >> you have these ubiquitous tools for gathering information like smart phones and video cameras. then you have these platforms for distributing mike youtube and twitter. then you have blocks and other sites. they can pull it all together and give you a picture of what's going on from a lot of diferent sides and let readers make up their own mind. it's not like th mainstream media are still very powerful. they're just not as powerful a they used to be in no longer controlled and there is completely. to me it makes me wonder what historical events would have looked like if we had a bunch of cameras from different angles. john: when you started, you were a hotshot lawyer. you could hav
i think that that is another si that we are in a new media environment. it's not just that one person can go out and found something with a camera. a hundred people have done that, you can go and find those things and put them together. this is actually what happened. all these disparate pieces. johnthank goodness since we are all journalists. thank god we have bauxite years. >> you have these ubiquitous tools for gathering information like smart phones and video cameras. then you have...
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Jan 15, 2013
01/13
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LINKTV
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the second is that the german economy remained competitive last year despite a weaker environment, and that has given exports a boost. >> exports are the backbone of the german economy. they continued to grow last year, albeit at a slower rate. companies are proceeding with caution. they are cutting investment amid uncertainty about what the new year will hold, especially for the eurozone. in 2011, the german economy grew by 3%. that figure dropped to 0.7% last year. the economy even contracted in the final quarter. the government is poised to cut its own forecast for 2013 to just 0.5%. that is unlikely to have an immediate impact on the jobs market. the unemployment rate is expected to see just a small rise this year. >> for, let's cross over to a frankfurt -- to frankfurt. not necessarily the greatest news for those without a job, but there was good news for the german tax man. >> absolutely. the government has been able to reach its budget plans earlier than expected. the new debt load has been lower than expected, and this has been very good news, although the government also lower
the second is that the german economy remained competitive last year despite a weaker environment, and that has given exports a boost. >> exports are the backbone of the german economy. they continued to grow last year, albeit at a slower rate. companies are proceeding with caution. they are cutting investment amid uncertainty about what the new year will hold, especially for the eurozone. in 2011, the german economy grew by 3%. that figure dropped to 0.7% last year. the economy even...
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Jan 15, 2013
01/13
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the training is critically important in a sensitive environment. i think we ought to have more standardized training and enhanced training for anyone who is a protective person at a school. but secondly, right now, we have about one third of the schools that have an armed presence. in california, i spoke to a school resource officer there, i believe they have about 500 in los angeles. they have them in philadelphia. do you want to pull those all out of the schools and not have any armed presence there when the local school district says it's important to protect our children? but it is more than that. that's why we need to look at -- >> do you think -- >> let me finish my answer, please. we need to look at the architecture of the schools. we need to look at other technology, how to keep them safe. it's much more than just being an armed presence. >> what are you going to arm them with that's going to protect these children from a deranged young person with an ar-15 that can fire up to 100 bullets in a minute? what weapon will you give your trained
the training is critically important in a sensitive environment. i think we ought to have more standardized training and enhanced training for anyone who is a protective person at a school. but secondly, right now, we have about one third of the schools that have an armed presence. in california, i spoke to a school resource officer there, i believe they have about 500 in los angeles. they have them in philadelphia. do you want to pull those all out of the schools and not have any armed...
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Jan 9, 2013
01/13
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. >> we have a pipeline of stores doing exceptionally well in the current environment. you can't survive in this industry unless you continue to cut costs. we've got a great track record, frankly, over the last five years of delivering, you know, circa 100 million pounds of cost savings year on year. we intend to do that going forward. >> and joining us with more, founder and managing director at neeve capital. thanks for joining us. how tough is if for the gross? tough for morrison's. we get tesco tomorrow. >> i think it is tough and goes beyond the economy. i think what's happened is to some extent people are prioritizing spending on other things over food. you've seen so much food inflation the last two, three years that people almost prefer to spend it on treat like apple, for example, or clothing. what that actually has meant is people are discovering or rediscovering that it's cool enough to shop, and people have discovered you can get good quality stuff at really much cheaper prices. and i think in other terms, what people are doing is they're shopping on conveni
. >> we have a pipeline of stores doing exceptionally well in the current environment. you can't survive in this industry unless you continue to cut costs. we've got a great track record, frankly, over the last five years of delivering, you know, circa 100 million pounds of cost savings year on year. we intend to do that going forward. >> and joining us with more, founder and managing director at neeve capital. thanks for joining us. how tough is if for the gross? tough for...
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the financial crisis environment the government multiplier is very large and so that works in both directions stimulus you know to the multiplier there but we've seen and this is what we're seeing in europe right now is that the downside is that when you cut government spending it has a huge multiplier effect and you know austerity gets you in the deep recessions and that's what's happening all throughout their periphery right now well in europe where you also have different situations in each of these different countries that kind of have unique situations but i do you know. spain are probably the closest. only until the end of two thousand and thirteen i think we're going to see q.e. come to an end this year. that's. been i don't know what they. think that the economy is in much better shape than it is in fact i think that the economy or market it's really just it's false for them to say that because we know for a fact that they've point blank that we are targeting the unemployment rate for the median forecast from the fed itself to the unemployment rate isn't going to reach the target leve
the financial crisis environment the government multiplier is very large and so that works in both directions stimulus you know to the multiplier there but we've seen and this is what we're seeing in europe right now is that the downside is that when you cut government spending it has a huge multiplier effect and you know austerity gets you in the deep recessions and that's what's happening all throughout their periphery right now well in europe where you also have different situations in each...
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Jan 13, 2013
01/13
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. >> well, i live in a different environment, too. i work for people in a different environment than what we see going on in some of these places where mass shootings are going, to the best of my knowledge. i live in a great county. we have a great population of people. and that's not to say that something like that couldn't happen in walton county. it very easily could. but we haven't reached the point of where we have gangs and that sort of thing. >> do you think more restrictions -- more gun restrictions will reduce crimes? >> i don't think it's going to make a difference at all. >> thank you, sheriff. >> we already have some laws now that i've tried to enforce that the federal authorities -- people would lie on an atf firearms form and it was no big deal. and i didn't understand it. >> thank you, sheriff. thanks for coming in. we appreciate you coming in. we'd like to have you back. >> thank you. >>> shortly after the newtown shootings, a gun shop owner came on this show to be a part of my panel and he has seen -- i want to know i
. >> well, i live in a different environment, too. i work for people in a different environment than what we see going on in some of these places where mass shootings are going, to the best of my knowledge. i live in a great county. we have a great population of people. and that's not to say that something like that couldn't happen in walton county. it very easily could. but we haven't reached the point of where we have gangs and that sort of thing. >> do you think more restrictions...
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Jan 14, 2013
01/13
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the environment where these pythons now live is not used to them. these creatures have evolved from places like the rainforest in southeast asia or the african savannah, and the habitat or the grassland habitat that you find in the everglades just simply is not equipped to deal with these very new and very invasive species. basically these pythons are invaders, and they are eating everything they come in contact with. >> you say these very new, are these pythons that were people's pets? >> likely that's how all of this originated. pot past 30 years people have been importing these snakes. a lot less lately. but during the 1970s and 1980s thousands and thousands of these snakes were brought in from asia and africa, and more often than not they either escaped because of hurricanes or people released them into environments where they shouldn't have, and these animals took over. they started out as pets, and then through negligence were released and, unfortunately, this ecosystem just really is not prepared to take on what these snakes do to the environ
the environment where these pythons now live is not used to them. these creatures have evolved from places like the rainforest in southeast asia or the african savannah, and the habitat or the grassland habitat that you find in the everglades just simply is not equipped to deal with these very new and very invasive species. basically these pythons are invaders, and they are eating everything they come in contact with. >> you say these very new, are these pythons that were people's pets?...
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investment environment is not the cure although the state has been trying a lot still be to have reports of investors who have difficulties with the red tape and also changing attitude of the government you know about investors especially chinese investors who have left the country and frustration the biggest problem i think for us the worst that's all over western sanctions this very easy actually it's almost impossible not to while it and essentially if north korea because almost anything is dual use the procedures will be checking whether you are not while lifting sanctions or very complicated very costly and there's also a great deal of unknown to insecurity about what the actual rules are and my freshman is that this is keeping away best and. now escaping oppressive taxes austerity and finger wagging government movie stars you're not supposed to celebrates his new citizenship well others of his countrymen look at least as well more on that in just a few minutes or not say. a nation of three critique asian three. more charges free. range month free. free. to tide free. download free
investment environment is not the cure although the state has been trying a lot still be to have reports of investors who have difficulties with the red tape and also changing attitude of the government you know about investors especially chinese investors who have left the country and frustration the biggest problem i think for us the worst that's all over western sanctions this very easy actually it's almost impossible not to while it and essentially if north korea because almost anything is...
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Jan 8, 2013
01/13
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, and that's our first responsibility inside of school, is the learning environment. you don't want to make this an armed camp for kids. i don't think that's a positive example for children. we should be able to figure out some other ways to enhance safety. >> new jersey governor chris christie. my next guest says armed guards are exactly what american schools need. in the wake of sandy hook elementary school massacre, sheriff joe arpaio has called for armed volunteers to patrol about 50 schools in his jurisdiction. welcome to you, sheriff. >> how are you doing, piers? >> explain to me why you believe that the answer to these gun massacres is to have a lot more guns. >> well, you know, i'm not going to get into that. we have many, many laws pertaining to guns already. we ought to enforce those laws, but i'm taking immediate action. i have a volunteer posse made up of 3,500 armed, well trained, 100 hours of training. we just finished another program at the malls. very successful. so why not utilize and mobilize a posse, which a sheriff can do, in the perimeters? i don'
, and that's our first responsibility inside of school, is the learning environment. you don't want to make this an armed camp for kids. i don't think that's a positive example for children. we should be able to figure out some other ways to enhance safety. >> new jersey governor chris christie. my next guest says armed guards are exactly what american schools need. in the wake of sandy hook elementary school massacre, sheriff joe arpaio has called for armed volunteers to patrol about 50...
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receiver busters it is the reluctance of western investors to actually go to north korea a lot less the environment is not pure although the state has been trying a lot still to do have reports of us those who have difficulties with. and also changing attitude of the government. specially chinese investors who have left the country for storage. the biggest problem i think all of us the list goes all over the us on sanctions this is easy actually it's almost impossible not to while you're section if you deal with north korea because almost anything is dual use the procedures will be checking whether you are not while lifting sanctions or very complicated because. there's also a great deal of unknowing of insecurity about what the actual rules are and my freshman is that this is keeping away the best and best those approach of the big ones escaping oppressive taxes and a finger wagging government movie star celebrates his new citizenship while others of his countrymen looking for a possible escape from more on whether heading coming out. a nation of three cretaceous three years for charges free. rang
receiver busters it is the reluctance of western investors to actually go to north korea a lot less the environment is not pure although the state has been trying a lot still to do have reports of us those who have difficulties with. and also changing attitude of the government. specially chinese investors who have left the country for storage. the biggest problem i think all of us the list goes all over the us on sanctions this is easy actually it's almost impossible not to while you're...
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it's not only bad for the economy, but hurt the environment as well. "varney & company" is about to begin. karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get straightforward guidance and be able to focus on other things, like each other, which isn't rocket science. it's just common sense. from td ameritrade. >> good morning, "varney & company," viewers. today is monday, january 7th and gerard depardieu, well, he's welcomed to russia with open arms and here, we're going to welcome with you open arms, with sandra smith and on the floor of the new york stock exchange, of course, nicole petallides. hey, you remember the cash for clunkers, that 2009 government program that gave people money, a the lot of money to buy more fuel efficient cars i
it's not only bad for the economy, but hurt the environment as well. "varney & company" is about to begin. karen anjeremiah. they don't know it yet, but they' gonna fall in love, get married, have a couple of kids, [ children laughing ] move to the country, and live a long, happy life together where they almost never fight about money. [ dog barks ] because right after they get married, they'll find some retirement people who are paid on salary, not commission. they'll get...
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their own selves when you go into combat you know what you kill people and what you spent a year and an environment you are not seeing first team kenny came back severely wounded from a tour in afghanistan two years ago having spent ten months in combat the vehicle on which he was a goner was blown up nine times when i got crushed by p.t.s.d. i mean. i was suicidal you know i mean but i'm married with four kids and i just couldn't find a way to kill myself and some kind of accident that my family wouldn't have to suffer. he was able to step this fellow servicemen were not so fortunate. more american soldiers committed suicide last year than were killed in active service in afghanistan staggering statistics that's almost want to day when they were i think. i can't anymore. because they don't think america is. normal society. officials in washington seem to be trying to present afghanistan as a success story while for those coming home it looks anything but that. they do put lipstick on a pig or cancer to speak very clearly you're in. for the mainstream media in the u.s. with their everything militar
their own selves when you go into combat you know what you kill people and what you spent a year and an environment you are not seeing first team kenny came back severely wounded from a tour in afghanistan two years ago having spent ten months in combat the vehicle on which he was a goner was blown up nine times when i got crushed by p.t.s.d. i mean. i was suicidal you know i mean but i'm married with four kids and i just couldn't find a way to kill myself and some kind of accident that my...
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Jan 13, 2013
01/13
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. >> well, i live in a different environment, too. i work for people in a different environment than what we see going on in some of these places where mass shootings are going, to the best of my knowledge. i live in a great county. we have a great population of people. and that's not to say that something like that couldn't happen in walton county. it very easily could. but we haven't reached the point of where we have gangs and that sort of thing. >> do you think more restrictions -- more gun restrictions will reduce crimes? >> i don't think it's going to make a difference at all. >> thank you, sheriff. >> we already have some laws now that i've tried to enforce that the federal authorities -- people would lie on an atf firearms form and it was no big deal. and i didn't understand it. >> thank you, sheriff. thanks for coming in. we appreciate you coming in. we'd like to have you back. >> thank you. >>> shortly after the newtown shootings, a gun shop owner came on this show to be a part of my panel and he has seen -- i want to know i
. >> well, i live in a different environment, too. i work for people in a different environment than what we see going on in some of these places where mass shootings are going, to the best of my knowledge. i live in a great county. we have a great population of people. and that's not to say that something like that couldn't happen in walton county. it very easily could. but we haven't reached the point of where we have gangs and that sort of thing. >> do you think more restrictions...
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Jan 15, 2013
01/13
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and if you sneeze in an environment like this, you can infect everyone. >> that quickly? >> that quickly. >> reporter: so why is it so much worse this year than last? doctors say the virus appears to mutate. >> as we get one type of immunity, it will change and develop another kind of flu virus that can be easier to spread and potentially more serious. >> reporter: this mutating flu still spreading fast. tom costello, nbc news, bethesda, maryland. >> dr. tanya benenson is our chief medical officer here at nbc. tanya, you were telling me before air you have handed out about 1,000 inoculations just to our employees here in new york. you're reporting a lot of first-timers this year. but to that question, is it too late to get the inoculation? >> it's not too late. we still hear the flu is spreading. if the flu is spreading, new people are getting the flu and that could be you if you haven't had it. it's definitely not too late. it takes two weeks to kick in so the earlier the better, still can get one. >> people who hear this efficacy rate of 60-some odd percent, is it still
and if you sneeze in an environment like this, you can infect everyone. >> that quickly? >> that quickly. >> reporter: so why is it so much worse this year than last? doctors say the virus appears to mutate. >> as we get one type of immunity, it will change and develop another kind of flu virus that can be easier to spread and potentially more serious. >> reporter: this mutating flu still spreading fast. tom costello, nbc news, bethesda, maryland. >> dr....
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Jan 11, 2013
01/13
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you know, the environment is going to still be very dangerous. but what we have seen is that afghan soldiers are stepping up at great risk to themselves. and that allows us then to make the transition during the spring. what that translates in to precisely in terms of how this drawdown of u.s. troop proceeds is something that isn't yet fully determined. i'm going to be over the coming weeks getting recommendations from general allen and other commanders on the ground. they will be designing and shaping a responsible plan to make sure that we're not losing the gains that have been made to make sure we near a position to support afghan units when they're in theater. and to make sure that our folks are also protected even as we're drawing down so i can't give you a precise number at this point. i'll probably make a separate announcement once i have gotten recommendations from troops -- from the generals and our commanders in terms of what that drawdown might look like. with respect to post 2014, we have got two goals and our main conversation today
you know, the environment is going to still be very dangerous. but what we have seen is that afghan soldiers are stepping up at great risk to themselves. and that allows us then to make the transition during the spring. what that translates in to precisely in terms of how this drawdown of u.s. troop proceeds is something that isn't yet fully determined. i'm going to be over the coming weeks getting recommendations from general allen and other commanders on the ground. they will be designing and...
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. >> there's trees, rocks, cliffs, a very dangerous environment. >> reporter: so far searchers have come up empty, but they hope he's stuck in a tree or lost and waiting to be found. clayton sandell, abc news, denver. >> clayton, thanks to you tonight. >>> we'll move on to the biggest headline in sports right now. alabama and notre dame, the bcs championship. and the audience will be as giant as the game. "good morning america's" josh elliott is there. ♪ >> reporter: it's the super bowl of college games, a national championship arguably as anticipated as any in the sport's history. >> to be the best, you've got to beat the best. >> reporter: number two alabama playing for their second straight national title and what would be its third in four years. and so a dynasty in the making. >> to win another one, oh, man, it speaks highly of our program and what we do around here. >> reporter: standing in their way? a resurgent and unbeaten notre dame, looking for its first national title in a quarter century. >> it would be a good time for us to win this championship. >> reporter: the fighting
. >> there's trees, rocks, cliffs, a very dangerous environment. >> reporter: so far searchers have come up empty, but they hope he's stuck in a tree or lost and waiting to be found. clayton sandell, abc news, denver. >> clayton, thanks to you tonight. >>> we'll move on to the biggest headline in sports right now. alabama and notre dame, the bcs championship. and the audience will be as giant as the game. "good morning america's" josh elliott is there. ♪...
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ratings and making money well what's happening is that the viewers are actually leaving the network environment they're going they're going to twitter they're going to other news outlets looking for information from. girls like mark t. and al-jazeera and others and they're trying to find the truth and reality as opposed to fiction and no reality well it certainly is an interesting topic one that we wanted to you know bring to light and just sort of put out there and talk about always good to have you on the show danny schechter thanks so much well that is going to do it for us for now for more on the stories we covered go to youtube dot com slash r t america or you can check out our website our team dot com slash usa and you should of course follow me on twitter if you're not already you can find me christine. what makes life complete. and a happy family. for self-expression. a show. that seems so true. when it's a major. challenge. the worst you're going to a lonely white house to the day of the radio guy and caught a zero minutes from a click cause they all want to watch close to go good you'
ratings and making money well what's happening is that the viewers are actually leaving the network environment they're going they're going to twitter they're going to other news outlets looking for information from. girls like mark t. and al-jazeera and others and they're trying to find the truth and reality as opposed to fiction and no reality well it certainly is an interesting topic one that we wanted to you know bring to light and just sort of put out there and talk about always good to...
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Jan 15, 2013
01/13
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KNTV
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. >> it really helps the cartilage, the new cartilage grow by providing an environment where the cartilage feels comfortable and feels like they can produce actual cartilage instead of scar tissue. >> dr. larry gold studied a small group of patients with damaged cartilage. most of them tried the new hydro gel. patients still had to undergo an outpatient procedure allowing tiny holes to be drilled in their bone beneath the cartilage. the hydro gel was applied. as a result healthy cartilage grows instead of scar cartilage. >> you have a repair that is more like the native cartilage. it will last longer. it will perfeorm better, the patient will be able to tolerate more weight bearing activity without pain. >> reporter: because the cartilage can last five years instead of one or two with the current approach, the new procedure may spare patients from undergoing a second cartilage repair or knee replacement surgery. larger studies are now need ed o determine if hydro gel is safe long term and if it is, it could be available to patients in just a few years. the fda must also approve hydro gel b
. >> it really helps the cartilage, the new cartilage grow by providing an environment where the cartilage feels comfortable and feels like they can produce actual cartilage instead of scar tissue. >> dr. larry gold studied a small group of patients with damaged cartilage. most of them tried the new hydro gel. patients still had to undergo an outpatient procedure allowing tiny holes to be drilled in their bone beneath the cartilage. the hydro gel was applied. as a result healthy...